MORRIS PLAINS, N.J.,
Sept. 26, 2016 /PRNewswire/
-- Honeywell (NYSE: HON) announced today its support of
the U.S. Environmental Protection Agency's latest decisions for the
Significant New Alternative Policy (SNAP). The program evaluates
and regulates environmentally preferable substitutes for chemicals
that are being phased out under the Clean Air Act.
Global warming potential (GWP) is one of several criteria the
EPA considers when listing alternative solutions and timelines for
adoption. In particular, hydrofluorocarbons (HFCs) have been shown
to have high GWP, and the EPA's latest actions aim to phase down
their use.
"Honeywell is committed to supporting the EPA's efforts to
reduce greenhouse gas emissions by restricting the use of high-GWP
materials, a key component of President Obama's Climate Action
Plan," said Ken Gayer, vice
president and general manager of Honeywell's Fluorine Products
business. "Our scientists have worked tirelessly to create
alternative solutions that are available today, and provide similar
or even better performance at much lower environmental impact."
Honeywell's Solstice® product suite provides a broad
portfolio of reduced-GWP and low-GWP solutions that are considered
acceptable and meet the conditions set out by the new SNAP
decisions:
- Medium- and Heavy-Duty Motor Vehicle Air Conditioning:
Honeywell's Solstice yf (HFO-1234yf) is listed as an acceptable
solution. More than 10 million cars on the road today use 1234yf,
and that number is expected to reach 40 million by the end of
2017.
- Chillers: Several high-GWP substances are now listed as
unacceptable or subjected to narrowed use limits by 2024.
Honeywell's Solstice zd (HFO-1233zd) and Solstice ze (HFO-1234ze)
are suitable low-GWP alternatives that can be found in chillers
from more than 15 global manufacturers.
- Foam-Blowing Agents: The EPA is phasing out the use of high-GWP
HFC foam-blowing solutions across a range of applications,
including foams used for insulation in appliances and construction
applications like spray foam and extruded polystyrene (XPS).
Honeywell's Solstice Liquid Blowing Agent (HFO-1233zd) and Solstice
Gas Blowing Agent (HFO-1234ze) are acceptable alternatives that are
currently used by more than 35 manufacturers around the world.
Honeywell and its suppliers are in the middle of a $900 million
investment program in R&D and new capacity to produce
stationary, commercial refrigeration and mobile refrigerants,
liquid and gaseous blowing agents, solvents and propellants based
on Honeywell's hydrofluoro-olefin (HFO) technology, which helps
customers lower their carbon footprint without sacrificing
end-product performance. These solutions have GWPs equal to or
better than carbon dioxide and at least 99 percent lower than most
technologies used today.
Worldwide adoption of Solstice products has resulted in the
reduction of more than 31 million metric tons of greenhouse gases
to date, equal to eliminating emissions from more than 6 million
cars. Honeywell estimates that increasing global adoption of its
Solstice products can remove 475 million metric tons of carbon
dioxide equivalent emissions by 2025, equal to removing 100 million
cars from the road for one year.
Honeywell's legacy in energy efficiency began more than 125
years ago with the invention of the modern thermostat, and
Honeywell continues to lead in this area with best-in-class
solutions for homes, buildings, factories and transportation.
Nearly 50 percent of Honeywell's portfolio is dedicated to energy
efficient products and services, ranging from programmable
thermostats and energy management systems, to turbochargers and
green fuels, to industrial controls and lighter aircraft
components.
Honeywell (www.honeywell.com) is a Fortune 100 diversified
technology and manufacturing leader, serving customers worldwide
with aerospace products and services; control technologies for
buildings, homes, and industry; turbochargers; and performance
materials. For more news and information on Honeywell, please visit
www.honeywell.com/newsroom.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and
other factors they believe to be appropriate. The forward-looking
statements included in this release are also subject to a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
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SOURCE Honeywell